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24/7 Wall St.: States with the Widest Gap Between the Rich and Poor

2. Connecticut

Gini coefficient: 0.4859
Median household income: $65,753 (4th highest)
Households earning $200,000+: 11.2% (the highest)
Population living below poverty line: 10.9% (5th lowest)

At 11.2%, Connecticut has the highest percentage of household making $200,000 or more. On the other side of the income gap, the percentage of the population living below the poverty line rose from 10.1% in 2010 to 10.9% in 2011. Many residents also lost their jobs. The state’s unemployment rate in Sept. 2012 was 8.9%, up from 8.6% the year before. During that time, the national unemployment rate fell from 9% to 7.8%. In Connecticut’s Fairfield County, the Gini coefficient was 0.535 — higher than any state. The county is home to several hedge funds and country clubs, but also to government housing and food pantries.

(iStock)

More From 24/7 Wall St.:
States with the Highest (and Lowest) Taxes
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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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